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Farmers and Merchants Bank

Arnett, OK · Cert 13415

State charter, non-member · FDIC · 1 branch

Q2 2026

$80.3MAssets
$24.5MLoans
$69.9MDeposits
$10.0MEquity
Loan mix
40%RE $6.7M24%C&I $4.0M36%Consumer $6.1MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $54.0M23%Noninterest $15.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.21%, down 1 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.42% of loans (+38 bps YoY), with net charge-offs at 0.34%.
  • Capital: tier 1 leverage ratio of 13.00%, up 3 bps from a year ago.
  • Funding: loans stand at 35.09% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.21%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.06%-16 bps YoY

Efficiency Ratio (quarter, annualized)

50.67%-114 bps YoY

Tier 1 Leverage Ratio

13.00%+3 bps YoY

NIM

4.94%Q2 ’244.83%Q2 ’254.56%Q2 ’26+0%-5%

Non-interest income vs. expense

1.61%Q2 ’241.79%Q2 ’251.67%Q2 ’26+14%-7%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.61%0.90%1.30%1.22%1.36%1.12%1.22%1.21%-1 bps
Return on Equity13.34%7.38%11.03%10.22%11.06%8.92%9.96%9.88%-35 bps
Net Interest Margin3.55%3.14%3.11%3.22%3.24%3.15%3.04%3.06%-16 bps
Efficiency Ratio45.23%66.19%49.22%51.81%46.51%54.69%46.64%50.67%-114 bps
Non-Interest Burden1.47%2.00%1.41%1.55%1.38%1.61%1.28%1.44%-11 bps
Growth
Asset Growth (YoY)9.05%9.41%9.07%6.37%8.84%9.69%7.49%5.28%-109 bps
Loan Growth (YoY)7.06%5.87%1.38%4.02%6.10%8.13%4.16%-2.94%-696 bps
Deposit Growth (YoY)7.07%9.31%8.51%5.49%8.98%8.93%7.13%4.96%-53 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.08%0.08%0.04%0.02%0.35%0.30%0.42%+38 bps
Net Charge-Offs / Loans0.20%0.22%0.00%0.06%0.32%0.66%1.32%0.34%+28 bps
Allowance / Loans2.04%2.01%2.07%2.02%2.03%1.91%1.80%1.84%-18 bps
Allowance Coverage of NPLsn/a25.4x24.9x50.9x128.5x5.5x6.0x4.3x-46.6x
Capital
Tier 1 Leverage Ratio13.14%12.93%12.79%12.97%13.06%13.06%12.93%13.00%+3 bps
Total Risk-Based Capital13.14%12.93%12.79%12.97%13.06%13.06%12.93%13.00%+3 bps
Equity / Assets12.60%11.84%11.66%12.13%12.54%12.49%11.99%12.43%+31 bps
Liquidity & Funding
Loans / Deposits38.31%37.75%35.22%37.95%37.30%37.47%34.24%35.09%-286 bps
Liquid Assets / Assets20.20%17.28%20.99%13.49%16.21%12.40%14.84%12.41%-108 bps
CRE / Total Capitaln/an/an/an/a25.33%24.70%25.57%n/an/a